Latest ABS news

  • Icap hires Ernst and Ernst as it pushes into weather derivatives

    ICAP Energy has appointed Nicholas Ernst and Eric Ernst to spearhead a drive into the weather derivatives market.

    • 17 Apr 2019
  • Resi PACE issuers maneuver to navigate policy headwinds

    Residential Property Assessed Clean Energy (PACE) finance companies are looking to re-educate contractors and more directly market PACE to consumers in order to clear policy hurdles that have stifled origination volumes over the past year.

    • 17 Apr 2019
  • Mercedes-Benz sizes up first 2019 China auto ABS

    Mercedes-Benz Auto Finance is on track to price its largest ABS trade under the Silver Arrow China series. The originator, having previously turned to Moody’s and Fitch for international ratings, switched to S&P and gained an AAA rating for its deal.

    • 17 Apr 2019
  • CCB returns with triple-A rated Jianyuan 2019-2

    China Construction Bank is looking to close its Rmb10.25bn ($1.53bn) Jianyuan 2019-2 residential mortgage backed securities transaction next week. The deal has an AAA international rating from S&P.

    • 17 Apr 2019
  • Capital markets need an Extinction Rebellion

    Sustainable finance is bubbling with exciting new initiatives. But making people feel good is not enough. Activity needs to produce results, and so far there is more noise than movement. The tone is far too sedate — it needs some hard core activism to break the torpor.

    • 16 Apr 2019
  • S&P goes its own way on ESG ratings

    Enel and NextEra Energy have, on a pilot basis, become the first companies to obtain one of S&P Global’s new ESG Evaluations. The product, launched last week, takes S&P into direct competition with providers of ESG ratings like MSCI and Sustainalytics — and with Moody’s, which a few days after S&P’s launch acquired Vigeo Eiris, the French-based ESG rating firm.

    • 16 Apr 2019
  • Start II, Castlelake deals boost aircraft ABS volumes

    A pair of aircraft deals were priced last week during the the busiest single week for the ABS market since July 2018. Both transactions garnered considerable attention among securitization investors, pointing to high hopes aviation finance participants have for the sector in 2019.

    • 15 Apr 2019
  • Moody's buys Vigeo Eiris in drive for ‘global standard’ on ESG

    Moody’s has acquired a majority stake in Vigeo Eiris, the environmental, social and governance research and ratings provider, as the credit rating agencies move increasingly into the area of ESG investing. The announcement comes just days after S&P Global launched its new ESG Evaluation product.

    • 15 Apr 2019
  • BMW gears up for Rmb2.5bn auto lease ABN

    BMW Automotive Finance (China) is on track to launch its debut auto lease receivables-backed securitization. The company is expecting to close the Rmb2.5bn ($373m) Bavarian Sky China Leasing 2019-1 asset backed note later this week.

    • 15 Apr 2019
  • ABS primary closes busiest week of 2019

    The ABS primary market saw $11.52bn of issuance across 15 deal this week, marking the busiest week of 2019.

    • 12 Apr 2019

ABS news archive

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Total Volume $m No. of Deals Share % by Volume
1 Citi 3,237 10 19.12
2 Goldman Sachs 2,096 5 12.39
3 Morgan Stanley 1,965 5 11.61
4 BNP Paribas 1,686 6 9.96
5 Barclays 1,565 4 9.25

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • Today
1 Citi 30,859.27 98 11.48%
2 JPMorgan 25,558.51 72 9.51%
3 Wells Fargo Securities 24,627.51 67 9.16%
4 Bank of America Merrill Lynch 23,023.30 73 8.56%
5 Barclays 16,546.45 55 6.16%